Churchill Capital Corp XII Units (NASDAQ:CXIIU) Stock Short Interest Declines 95.7%

Churchill Capital Corp XII Units (NASDAQ:CXIIU) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 23 shares, a drop of 95.7% from the September 30th total of 531 shares. Based on an average daily volume of 6,520 shares, the days-to-cover ratio is currently 0.0 days.

Churchill Capital Corp XII Units Stock Up 0.0%

Shares of NASDAQ CXIIU traded up $0.00 during trading on Monday, hitting $10.51. Churchill Capital Corp XII Units has a 1 year low of $10.08 and a 1 year high of $11.50. The company has a 50 day moving average price of $10.93.

Churchill Capital Corp XII Units Company Profile

Churchill Capital Corp XII is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. The company does not have ongoing commercial operations, products, or services of its own and was established as a vehicle for a potential merger, acquisition, or similar transaction.

Churchill Capital Corp XII Units trade on the Nasdaq Stock Market under the symbol CXIIU. Each unit represents an interest in the SPAC and is generally composed of shares of common stock and additional securities that may become separately tradable after the offering, subject to the terms disclosed in the company’s formation and offering documents.

The company was organized in Delaware and is associated with the Churchill Capital group, a sponsor of SPACs led by investor Michael Klein.